Group health insurance Plan is better than individual insurance plan
because your premium will be lower and your options
will be greater.If you are not able to get a group
insurance plan through an employer,you have to look for
an individual insurance plan. There are two basic group plans:
Fully insured
Under this plan, your employer accepts all the risks
involved for paying your claims.
Minimum premium plan
Under Minimum Premium plan,your employer accepts only a part of payment. After which, the insurer has to pay. These plans offer several types of coverage:Basic Coverage,Major Medical Coverage,Basic plus major medical coverage.
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